VICI Properties Inc. $VICI Shares Purchased by State Street Corp

Key Points

• State Street increased its VICI Properties stake by 4.5% in the second quarter to 67.2 million shares, worth approximately $1.81 billion. Institutional investors and hedge funds collectively own 97.71% of the company.
• Analyst sentiment remains mixed, with five Buy ratings and seven Holds producing a consensus Hold rating and an average price target of $30.15. Recent target reductions and concerns about refinancing, inflation-linked rent growth, and development risks indicate limited near-term upside.
• VICI raised its quarterly dividend to $0.46 per share, representing an annualized dividend of $1.84 and a 7.7% yield. Its latest quarterly revenue rose 5.7% year over year to $1.06 billion, although adjusted earnings of $0.62 per share missed estimates.

State Street Corp boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,155,780 shares of the company's stock after purchasing an additional 2,920,133 shares during the quarter. State Street Corp owned approximately 6.10% of VICI Properties worth $1,812,259,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in VICI Properties by 3.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company's stock valued at $284,060,000 after buying an additional 349,262 shares in the last quarter. Amundi grew its position in shares of VICI Properties by 21.1% in the 2nd quarter. Amundi now owns 7,728,135 shares of the company's stock worth $205,182,000 after acquiring an additional 1,344,994 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of VICI Properties in the 2nd quarter worth approximately $4,858,000. Bank of America Corp DE increased its holdings in shares of VICI Properties by 2.7% in the 1st quarter. Bank of America Corp DE now owns 27,948,502 shares of the company's stock valued at $763,553,000 after acquiring an additional 734,068 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of VICI Properties by 19.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company's stock valued at $29,147,000 after acquiring an additional 177,238 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Key VICI Properties News

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: Capital One lowered its price target modestly to $35 from $36 but maintained an Overweight rating, indicating continued confidence in VICI’s long-term prospects and potential upside. Capital One Adjusts Price Target on VICI Properties
• Positive Sentiment: Dividend income and existing analyst price targets continue to provide valuation support, particularly for investors seeking stable real estate cash flows. VICI Properties stock holds firm as dividend and analyst targets support valuation
• Neutral Sentiment: VICI formally appointed John M. Sullivan as an independent director. He will serve on the Compensation Committee and the Nominating and Governance Committee; the governance change is not expected to materially alter near-term earnings. VICI Properties formally appoints John M. Sullivan to board
• Neutral Sentiment: Analysts’ broader real estate commentary and a consensus “Hold” recommendation point to a balanced outlook rather than a strong catalyst for buying or selling. VICI Properties given consensus Hold recommendation
• Negative Sentiment: Evercore ISI cut its price target to $30 from $31 while retaining an “In Line” rating, adding to evidence that analysts see limited near-term upside. Evercore ISI adjusts price target on VICI Properties
• Negative Sentiment: A separate analyst downgraded VICI to “Sell,” citing potentially higher refinancing costs, rent escalators that may not keep pace with inflation, and added development and credit risks from non-gaming initiatives. VICI Properties analyst downgrade

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on VICI Properties from $34.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a report on Thursday, August 13th. Evercore set a $30.00 price target on shares of VICI Properties in a research report on Monday. Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a "sector perform" rating and a $29.00 price target for the company. Finally, Mizuho dropped their price objective on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Hold" and a consensus target price of $30.15.

VICI Properties Price Performance

NYSE VICI opened at $24.00 on Wednesday. VICI Properties Inc. has a 52 week low of $23.72 and a 52 week high of $33.01. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 9.30 and a beta of 0.65. The company has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $27.17.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $0.60 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Analysts forecast that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a yield of 7.7%. This is a boost from VICI Properties's previous quarterly dividend of $0.45. VICI Properties's payout ratio is currently 71.32%.

About VICI Properties

VICI Properties, Inc NYSE: VICI is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.

VICI's portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.

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